Rio resources/mte financial ordered to stop lending!!!!

I am very curious to know how does this affect the Dbas that this company has? Could the Dbas say that this letter does not apply to them because their names are not listed on the letter?

Has anyone heard of World Wide Cash? I am trying to locate them because my daughter got a loan from them and needs to contact them. Also, if you know if they are legal here in Florida?
Thanks for any information you may have.

WORLD WIDE CASH NOW/TELMERICA
2207 CONCORD PIKE #449
WILMINGTON, DLEAWARE 19803

See this

http://www.debtconsolidationcare.com/settlement/wwcn-info.html

They are not listed on the Florida site as allowed pdls, does that mean that they are illegal?

I sent an email to 10dollar payday last week regarding this issue, but never heard back.

I send emails to 10 dollar payday every other day. They never respond back to me.

I am embarrassed to post this but after reading through this forum I do not understand what I am supposed to do. I am one of those people who needs just about everything spelled out for me.
I live in Alabama, my online loans are with OneClickCash, PaydayOK, PayDayOne, and 10dollarpayday.
Will Rio continue to debit my account or does this mean they will stop? Who all do I write and what do I say?
I am sorry, I get so confused.

Karen, NEVER NEVER be embarassed to ask a question here. No they will not stop. They will continue to debit your bank account. Close that bank account as soon as possible. KYSIDE38

Thank you kyside. I have 2 loans from store front companies that I want to pay off but I cannot do that yet. How can I close my account with those loans still out? I pay $25 of the balance every month plus the interest to these local stores and I have to write them a new check every month.

Thank you kyside. I have 2 loans from store front companies that I want to pay off but I cannot do that yet. How can I close my account with those loans still out? I pay $25 of the balance every month plus the interest to these local stores and I have to write them a new check every month.

Karen, I dont really know on that one. I imagine you could offer to go in and pay by cash. You will have to get rid of account Rio Resources will not stop. Maybe someone else will read this that has dealt with store fronts. KYSIDE38

I hope so, ky. Thank you very much

Karen--

Are you saying that you are on a payment arrangement with the storefronts?

Well, not really brown sugar. I have payday loans with the storefronts and I renew them every month. I am disabled and get paid monthly. I am just trying to pay them down but cannot pay them off completely this coming month in order to close the acct for due to Rio/MTE or whoever they really are.

Since WorldWideCash is not listed in the Florida page as a licensed lender, does that mean that they are operating illegally? I am trying to get my daughter off the pdl-cycke, but want to give her the right information.
Thanks

Just got a call today from the OK Div of Consumers. He is sending a cease and desist letter to US Fast Cash and ameriloan on my behalf, because they are operated illegaly in the state of OK. He told me that they are part of a Miami Indian Tribe which they think they can do whatever they want and thats not the case. I want to say thanks to all you guys who gave me advice in my time of need. This will now be my 4th pdl down and only 3 to go.

Woo Hoo!!!!! THE OKDCC IS AFTER THESE PEOPLE!!! Including my cease and desist letter, this is the 3rd that has been sent in the last couple of months. Let's close them down!!!

just took out payment last night. How do I avoid it again? Is anyone using Langhorne debt solutions?

Jenn, close your bank account. They will continue to debit as long as the account is open.

Anyone doing business with them? How are they?

Can I send a copy of your letter to 10 Dollar, since they are part of MTE financial and tell them my loan is null and void? I had previously sent them an email which they ignored. Thanks.

YES you may..........send letters of complaint to the State of Oklahoma to. There is an addidtional thread here for that, look for chizhy's name & go from there. okie dokie?

I will do that.

How do I stop them from taking funds from my account without closing the account? thanks

You can put a block on them, which your bank will charge a fee, usually the same amount as a NSF charge, and some banks only make them good for up to six months. Be careful, these companies go by so many different names and may attempt to debit your account under another name or different amount, and some will present a paper check. Most people have had to close their account and open a new one.

i got an internet loan with mte last month for 300$ last week they hit my bank account 3 times back to back for those 90$ i got 3, 36$ nsf.... i was trying to find their phone number and came across u guys complaints. i am in florida please update me on this company please!!!

MTE, ET AL ARE UNDER ORDER BY THE STATE OF OKLAHOMA TO CEASE OPERATIONS. Your loans are null & void acting to info available. Contact your states AG & the Oklahoma AG's Office ASAP.

Step two; file a letter of revocation with them sticknuts via certified mail, Take one to your bank, de-authorizing anyone from withdrawing from your debit accounts. Open a new one from there or select a new bank to with.

bank to work with.......ugh!

thanks texas, but how r they illeagal here iam in florida?

mrstimeedenson, it it illegal because MTE/Rio are located in Oklahoma. They do not have a license to lend in Oklahoma. The Oklahoma Department of Consumer Credit has issued more than one "Cease and Desist" letters to them. I have one that they cc'd me in on. If you would like a copy PM me with your email address and I will send it to you.

*whew* thank the lord fer chizhy!

*chuckle*

I am in Florida and called Ok. to complain. They said that yes they sent that letter, but it only applies to Oklahoma no other states.

Are you saying it only applies to Oklahoma residents?

NO it does not apply to on OK residents, I received my letter today from the State of Oklahoma for US Fast Cash and ameriloan, stating they are not considered Deferred Depost Loans they are considered supervised loans which they need to be licesend for with a 10% interest rate, and these 2 companies don't have that. So they are ordered to consider my loans null and void and I am entilted to any monies paid to them even and NSF charges that were encured for their illegal action. If any one needs to see these letters I would be more then happy to scan them and send them along. Get those COMPLAINTS IN IT WORKS. 2 more down..YA

oh sorry, it also says that i am not obligated to pay either the principal or any loan finance charges since this is an illegal action

Traci, can you send me copies of the letters? I have been trying to get a refund of $575 from ameriloan. Thanks! :D

Thanks for the update. I thought it was for all loans they have done and it didn't matter what state you were in. Can you send me copies of the letters as well? Thanks so much. I am going to get refunds myself on a couple of their affiliates. 8)

Traci:

Can you PM them to me too please.

does anyone who the following are affiliated with I know some may be Rio and MTE?

ameriloan
Oneclickcash
Cash2day4u aka Cashtodaylimited
Paychecktoday
Xtracash aka Quickest Payday Loan
Geneva Roth Ventures

I believe ameriloan and One Click Cash are affiliated with Rio/MTE. I know that Geneva Roth is not affiliated with them.

to the ones who wanted me to send copies, for some reason i can only get them in a pdf file, if you would all pm me with your regular email address i will send them

I am working on trying to send it to everyone thru this site. If i can not do it, I can also fax copies if preferred.

Ok. told me that it only applies to Oklahoma.

Thanks

Geneva Roth is loanpointusa.com.

Why would Oklahoma Dept of Consumer Affairs tell me that it only applies to Oklahoma not other states?

margot_hauser- that cannot be true because the initater of this post, chizhy, is from Texas, and they issued a cease and desist letter to Rio Resources on their behalf. I don't know who or whom you have been in contact with but you need to contact the Oklahoma Department of Consumer Credit and not the Dept of Consumer Affairs www.okdocc.state.ok.us.

Thats not true because I received a phone call and copies of cease and desit letter of OK and I live in New Jersey. Margot, I will send you the letter and a phone number of the man who helped me. just email me your email address thru the pm. for some reason i can not post the letters on here, unless some tells me how to do it then maybe i can

For those of you whom I emailed the letters to, if you can post them on the site its fine. It is actually the same as Chizhy's.

I have a copy of that one. Thanks Traci 8) I'm working on my complaints now. I have dealt with 4 of these affiliates and overpaid them all. Time to get my money back.... :-)

Traci,

Could you pm me your contact info for the Oklahoma Dept of Consumer Credit? The person that you talked to, I would really appreciate it. I'm also refiling complaints with my state's attorney general office and division of financial institutions right along with Oklahoma.